lekha1506
Long

Elliott Wave analysis for 11-05-2018

NSE:NIFTY   Nifty 50 Index
Everything is explained in the chart
If we take the starting point of wave 5.1 from 10396, then the condition for wave 5.3 extension is also met.
Reply
lekha1506 vivek369
@vivek369, I have marked 10509.7 as start of wave 5.1
Reply
This looks like an ending diagonal pattern. But here wave 3 is extended more than 161.8 % which is not the case in ending diagonal.
Reply
lekha1506 vivek369
@vivek369, Thanks. I too had noted that, but I couldn't find another wave pattern. So far it seems ending diagonal, let's see how it goes
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out